How much does Governors Insurance cost?

For Governing Bodies - £1 Million Liability - Nil Excess

	Up to 16 Governors	Up to 24 Governors	24+ Governors
Insurance Premium	£238.10	£380.95	£476.19
Insurance Premium Tax at 5%	£11.90	£19.05	£23.81
Total Annual Cost	£250.00	£400.00	£500.00
NGA ‘GOLD’ Members
Insurance Premium	£192.48	£304.76	£380.95
Insurance Premium Tax at 5%	£9.52	£15.24	£19.05
Total Annual Cost	£200.00	£320.00	£400.00

For Governing Bodies - £2 Million Liability - Nil Excess

	Up to 16 Governors	Up to 24 Governors	24+ Governors
Insurance Premium	£357.14	£571.43	£714.29
Insurance Premium Tax at 5%	£17.86	£28.57	£35.71
Total Annual Cost	£375.00	£600.00	£750.00
NGA ‘GOLD’ Members
Insurance Premium	£287.75	£457.14	£571.43
Insurance Premium Tax at 5%	£14.29	£22.86	£28.57
Total Annual Cost	£300.00	£480.00	£600.00

For Governing Bodies - £5 Million Liability - Nil Excess

	Up to 16 Governors	Up to 24 Governors	24+ Governors
Insurance Premium	£714.29	£1142.86	£1428.57
Insurance Premium Tax at 5%	£35.71	£57.14	£71.43
Total Annual Cost	£750.00	£1200.00	£1500.00
NGA ‘GOLD’ Members and / or a £1,000 excess
Insurance Premium	£571.43	£914.29	£1142.86
Insurance Premium Tax at 5%	£28.57	£45.71	£57.14
Total Annual Cost	£600.00	£960.00	£1200.00

You can pay 50% extra premium at inception only (one off additional cost) for Retrospective Cover which will provide cover for the last 12 months in respect any incident which may occur for actions / decisions taken in the 12 months prior to cover being incepted. Subject to the terms and conditions of the policy.

For Individuals - £1 Million Liability - Nil Excess

	Governing at 1 School	Governing at 2 Schools
Insurance Premium	£47.62	£71.43
Insurance Premium Tax at 5%	£2.38	£3.57
Total Annual Cost	£50.00	£75.00

For Individuals - £2 Million Liability - Nil Excess

	Governing at 1 School	Governing at 2 Schools
Insurance Premium	£71.43	£107.14
Insurance Premium Tax at 5%	£3.57	£5.36
Total Annual Cost	£75.00	£112.50

For Individuals - £5 Million Liability - Nil Excess

	Governing at 1 School	Governing at 2 Schools
Insurance Premium	£142.86	£214.29
Insurance Premium Tax at 5%	£7.14	£10.71
Total Annual Cost	£150.00	£225.00